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South Korea's foreign currency deposits fell $5.26 billion in October, mainly due to corporate loan repayments and declining dollar holdings.
South Korea's foreign currency deposits dropped by $5.26 billion in October to $101.83 billion, the largest monthly decline in nearly two years, according to the Bank of Korea.
Corporate holdings fell sharply by $5.5 billion, driven by repayment of foreign loans and reduced securities deposits, while individual deposits rose slightly.
U.S. dollar deposits declined by $5.08 billion, and yen deposits dropped $260 million, while euro and yuan deposits were relatively stable.
The Korean won weakened to 1,465.5 per dollar, and the KOSPI index fell 1% amid losses in major tech stocks.
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Los depósitos en moneda extranjera de Corea del Sur cayeron $5.26 mil millones en octubre, principalmente debido a los reembolsos de préstamos corporativos y a la disminución de las tenencias en dólares.